stevehopwoodforex.com
https://www.stevehopwoodforex.com/phpBB3/
Print view

Gertje: a hedged grid trader
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=424		 Page 14 of 24
Author:  nubika [ Mon Apr 02, 2012 11:19 am ]
Post subject:  Re: Gertje: a hedged grid trader
blazko wrote:Thanks a lot Frank.
I need do wrap my head around chosing profit targets and pips between trades values.
Blazej,

Use this and will help you to play around with lot size and pip values.
This is what I use to determine the pip step and profit levels.

http://www.goforex.net/pip-calculator.htm
Author:  spotdespot [ Mon Apr 02, 2012 1:42 pm ]
Post subject:  Re: Gertje: a hedged grid trader
Hi Steve - having fun with this EA :)

There seems to be an issue with the MaxPairsAllowed parameter - see attached :lol:

I had a look at the code but beyond seeing it was an issue with setting NoOfPairsTrading I was a little lost :oops:

(EDIT: there were around 10 pairs trading on this account at the time of the attached SS)
Author:  SteveHopwood [ Mon Apr 02, 2012 1:53 pm ]
Post subject:  Re: Gertje: a hedged grid trader
Latest update in post 1. The 'issue' reported by spotdespot had a simple cause - the code was bollocks. :lol:

Fixed, I think.

:D
Author:  spotdespot [ Mon Apr 02, 2012 2:21 pm ]
Post subject:  Re: Gertje: a hedged grid trader
Yep - fixed - thanks.

Cheers,
Dave.
Author:  spotdespot [ Mon Apr 02, 2012 2:32 pm ]
Post subject:  Re: Gertje: a hedged grid trader
nubika wrote: ......... Find pairs which has at least 100+ pip daily movement and not too volatile. This is why I selected AUDUSD because if it moves it will move at least 50 - 60 pips in one direction with no major pullbacks. Pullbacks normally only 20 - 25 pips.

Frank
Thanks for all your help in this thread Frank - has made me think a lot about the gap size and the pip TP target (in relation to the gap size). I am not 100% sure about the choice of lot size (and therefore $ profit target) but really I guess it is a factor of account size and NoOfTrades - at the moment I am just erring on the cautious side. If I go live with this I will need to do the math!

Re. your thoughts above - I am not sure the 100+ pips daily movement is that important a criteria. What seems more important is that the pair is trending AND that the movement isn't too volatile. If we are just using ADR/5 or ATR/5 as a starting point for the gap size then the gap & therefore pip TP would be less and the lot size bigger for the same $ gain? Make sense?

Cheers,
Dave.
Author:  makeda [ Mon Apr 02, 2012 5:27 pm ]
Post subject:  Re: Gertje: a hedged grid trader
In response to crims in US that allow "hedging" ILQ, FXDD and I believe ATC have work arounds of stupid US regs. ;)
Author:  SteveHopwood [ Mon Apr 02, 2012 5:36 pm ]
Post subject:  Re: Gertje: a hedged grid trader
makeda wrote:In response to crims in US that allow "hedging" ILQ, FXDD and I believe ATC have work arounds of stupid US regs. ;)
Great. Link to this post added in post 1.

I expect to see more and more crims getting around these ludicrous restrictions as they become more imaginative about doing so. Can't really run a criminalage without punters, and adhering to the restrictions must make trading nigh on impossible.

:D
Author:  John [ Mon Apr 02, 2012 6:31 pm ]
Post subject:  Re: Gertje: a hedged grid trader
I can confirm that ATC does allow hedging as that is where I have one of my live accounts. If you are curious to know about how they can do this? Well, basically, they separate Empty4 from the back office accounting/clearing or something to that effect and so... They simply "clean" everything up on the back end... :)


SteveHopwood wrote:
makeda wrote:In response to crims in US that allow "hedging" ILQ, FXDD and I believe ATC have work arounds of stupid US regs. ;)
Great. Link to this post added in post 1.

I expect to see more and more crims getting around these ludicrous restrictions as they become more imaginative about doing so. Can't really run a criminalage without punters, and adhering to the restrictions must make trading nigh on impossible.

:D
Author:  acostafulano [ Mon Apr 02, 2012 8:27 pm ]
Post subject:  Re: Gertje: a hedged grid trader
nubika wrote:
blazko wrote:Thanks a lot Frank.
I need do wrap my head around chosing profit targets and pips between trades values.
Blazej,

Use this and will help you to play around with lot size and pip values.
This is what I use to determine the pip step and profit levels.

http://www.goforex.net/pip-calculator.htm
Hello Nubika,

How does the Gertje version you're using closes baskets when you get a highly ranging market? With the balance you're mentioning (around 2000 USD), lotsizes (0.3) and NoOfTrades your using (30), in a wildly ranging market you would surely get margin called once you get to enough positions opened! (your maximum positions would be 60! 30 buy+30 sells! @ 0.30 lots that's way too much for 2000 usd accounts to handle!)

I hope you can shed some light on this! Thanks!
Author:  SWG123 [ Mon Apr 02, 2012 9:52 pm ]
Post subject:  Re: Gertje: a hedged grid trader
acostafulano wrote:
nubika wrote:
blazko wrote:Thanks a lot Frank.
I need do wrap my head around chosing profit targets and pips between trades values.
Blazej,

Use this and will help you to play around with lot size and pip values.
This is what I use to determine the pip step and profit levels.

http://www.goforex.net/pip-calculator.htm
Hello Nubika,

How does the Gertje version you're using closes baskets when you get a highly ranging market? With the balance you're mentioning (around 2000 USD), lotsizes (0.3) and NoOfTrades your using (30), in a wildly ranging market you would surely get margin called once you get to enough positions opened! (your maximum positions would be 60! 30 buy+30 sells! @ 0.30 lots that's way too much for 2000 usd accounts to handle!)

I hope you can shed some light on this! Thanks!
My concern too, I have seen margin blown in backtesting (OK, I know) so I think there is a balancing act between lot sizes, steps and TPs. I still think this EA can work with effective MM but there needs to be some form of GEC/shirt protection for when it all goes wrong.
All times are UTC Page 14 of 24

Powered by phpBB® Forum Software © phpBB Limited